Any company that is diluting shares does not have the shareholders in their best interest. That I know for sure.
Even if any of these MJ companies would make it out of pennyland (with an outside chance 1 or 2 may) they would have to a reverse split to make it to the big boards.
Trust me these stocks are being driven by hype and not evaluations. When the hype dies down so will the price. The only hope is through Mergers.